IBM to Buy Social-Business Company Kenexa for $1.3 Billion

Bloomberg BusinessWeek: IBM will pay $46 a share, about $1.3 billion total, for Pennsylvania-based Kenexa Corp. in an all-cash deal. Kenexa sells human resources and recruiting software with built-in social networking capabilities. “This ties very directly into the investments we’ve made in helping clients create enterprise social networks and how we apply analytics,” said IBM's Alistair Rennie. “This idea of how you leverage talent and bring it forward has become a significant operational issue.”

In the past five years, IBM has spent $16 billion buying 30 companies to bolster its analytics business.

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.